All posts tagged "trust companies"
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69Asia-PacificBSP Allows Digital Banks to Participate in Monetary Operations
Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
December 1, 2021 -
117ChinaCBIRC Orders Trust Companies to Divest Non-financial Subsidiaries
Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.
August 5, 2021 -
287EnforcementMAS Proposes to Enhance Investigative, Supervision Powers
New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
July 5, 2021 -
156China
CBIRC Bans Ex-President of Sichuan Trust for 8 Years
Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021 -
298Securities & TradingTaiwan FSC to Make Environmental Disclosures Mandatory
Listed companies will be required to make mandatory disclosures on their carbon emissions, water usage and waste management starting next year.
June 18, 2021 -
137ChinaChinese Police Detain Sichuan Trust Boss Over Missing Funds
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021 -
1.0KMarket InfrastructureMAS to Expand Scope of Mandatory Reference Check Regime
MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021 -
172Capital Regulation
CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets
Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021 -
260ChinaCBIRC to Implement New Licensing Rules for FIs From 1 July
Under the new rules, CBIRC supervised institutions will be classified into three categories - financial, insurance and insurance intermediary.
May 12, 2021 -
326China
CBIRC Issues New Guidelines on Reputational Risk Management
The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
February 25, 2021
